Forum on monetary policy in a changing financial landscape

Opening reception and dinner

Welcome address Mario Draghi, President, European Central Bank

Dinner hosted by the Executive Board of the European Central Bank

Dinner speech Monetary policy in the “new normal” Christine Lagarde, Managing Director, International Monetary Fund Speech

Introductory speech

Mario Draghi, President, European Central Bank Speech

Session 1: Monetary policy in the new regulatory environment

Chair: Vítor Constâncio, Vice-President, European Central Bank

Banking supervision and monetary policy

Martin Hellwig, Director, Max Planck Institute for Research on Collective Goods Paper Presentation

Discussant: Stephen Cecchetti, Brandeis University Presentation

Monetary analysis: price and financial stability

Markus K. Brunnermeier, Princeton University (with Yuliy Sannikov, Princeton University) Paper

Discussant: Lars Svensson, Stockholm School of Economics Paper

Panel: Monetary policy in the new regulatory environment

Chair: Benoît Cœuré, Member of the Executive Board, European Central Bank

Erdem Basçi, Governor, Central Bank of the Republic of Turkey Presentation

Mathias Dewatripont, Nationale Bank van België/Banque Nationale de Belgique Presentation

Hyun Song Shin, Bank for International Settlements Presentation

Sir Paul Tucker, Harvard Kennedy School, Harvard Business School

Lunch

Young economists' poster session

Armchair discussion

José Manuel Barroso, President, European Commission Jeroen Dijsselbloem, President, Eurogroup

Moderator: Carlo Bastasin, Non-resident Senior Fellow, The Brookings Institution

Young economists’ ePoster session*

Reception and dinner

Session 2: Monetary policy and balance sheet adjustment

Chair: Peter Praet, Member of the Executive Board, European Central Bank

Inflation targets reconsidered

Paul R. Krugman, Princeton University Paper Presentation

Discussant: Guido Tabellini, Bocconi University Presentation

Central bank balance sheets: expansion and reduction since 1900

Niall Ferguson, Harvard University and Hoover Institution, Stanford (with Andreas Schaab, Harvard University, and Moritz Schularick, University of Bonn and CEPR) Paper Presentation

Discussant: Daniel Cohen, Paris School of Economics, École Normale Supérieure

Panel: Monetary policy and balance sheet adjustment

Chair: Peter Praet

Agustín Carstens, Governor, Bank of Mexico Otmar Issing, President, Center for Financial Studies Adam S. Posen, President, Peterson Institute for International Economics

Armchair discussion

Mario Draghi, President, European Central Bank Agustín Carstens, Governor, Bank of Mexico

Moderator: David Wessel, Director of the Hutchins Center on Fiscal and Monetary Policy, The Brookings Institution

Award ceremony - young economists' ePosters

Closing remarks

Group photo